Questions
discuss five macro objectives of the government of south africa.

discuss five macro objectives of the government of south africa.

In: Economics

In the region of South Texas name and explain the challenges that are faced.

In the region of South Texas name and explain the challenges that are faced.

In: Economics

6.2 Discuss the characteristics of 'Real Rights' in South Africa (10 marks)

6.2 Discuss the characteristics of 'Real Rights' in South Africa

In: Economics

discuss the role of paralegals with reference to the south african constitution

discuss the role of paralegals with reference to the south african constitution

In: Finance

Problem 16-7AA FIFO: Process cost summary, equivalent units, cost estimates LO C2, C3, C4, P4 [The...

Problem 16-7AA FIFO: Process cost summary, equivalent units, cost estimates LO C2, C3, C4, P4

[The following information applies to the questions displayed below.]

Dengo Co. makes a trail mix in two departments: roasting and blending. Direct materials are added at the beginning of each process, and conversion costs are added evenly throughout each process. The company uses the FIFO method of process costing. During October, the roasting department completed and transferred 23,000 units to the blending department. Of the units completed, 3,400 were from beginning inventory and the remaining 19,600 were started and completed during the month. Beginning work in process was 100% complete with respect to direct materials and 40% complete with respect to conversion. The company has 2,800 units (100% complete with respect to direct materials and 80% complete with respect to conversion) in process at month-end. Information on the roasting department’s costs of beginning work in process inventory and costs added during the month follows.

Cost Direct Materials Conversion
Of beginning work in process inventory $ 10,300 $ 111,690
Added during the month 266,560 1,117,584

Problem 16-7A Part 2

2. Prepare the journal entry dated October 31 to transfer the cost of completed units to the blending department. (Do not round your intermediate calculations.)

In: Accounting

Hemming Co. reported the following current-year purchases and sales for its only product. Date Activities Units...

Hemming Co. reported the following current-year purchases and sales for its only product.

Date Activities Units Acquired at Cost Units Sold at Retail
Jan. 1 Beginning inventory 280 units @ $13.20 = $ 3,696
Jan. 10 Sales 240 units @ $43.20
Mar. 14 Purchase 460 units @ $18.20 = 8,372
Mar. 15 Sales 410 units @ $43.20
July 30 Purchase 480 units @ $23.20 = 11,136
Oct. 5 Sales 450 units @ $43.20
Oct. 26 Purchase 180 units @ $28.20 = 5,076
Totals 1,400 units $ 28,280 1,100 units

Required:
Hemming uses a perpetual inventory system.
  
1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.
2. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO.
3. Compute the gross margin for FIFO method and LIFO method.

Perpetual LIFO:
Goods Purchased Cost of Goods Sold Inventory Balance
Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance
January 1 280 @ $13.20 = $3,696.00
January 10
March 14
March 15
July 30
October 5
October 26
Totals $0.00

In: Accounting

Hemming Co. reported the following current-year purchases and sales for its only product.      Date Activities...

Hemming Co. reported the following current-year purchases and sales for its only product.
    

Date Activities Units Acquired at Cost Units Sold at Retail
Jan. 1 Beginning inventory 250 units @ $12.00 = $ 3,000
Jan. 10 Sales 200 units @ $42.00
Mar. 14 Purchase 400 units @ $17.00 = 6,800
Mar. 15 Sales 360 units @ $42.00
July 30 Purchase 450 units @ $22.00 = 9,900
Oct. 5 Sales 420 units @ $42.00
Oct. 26 Purchase 150 units @ $27.00 = 4,050
Totals 1,250 units $ 23,750 980 units

Required:
Hemming uses a perpetual inventory system.
  
1. Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.
2. Determine the costs assigned to ending inventory and to cost of goods sold using LIFO.
3. Compute the gross margin for FIFO method and LIFO method.

Perpetual FIFO and LIFO Table:
Goods Purchased Cost of Goods Sold Inventory Balance
Date # of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance
January 1 250 @ $12.00 = $3,000.00
January 10
March 14
March 15
July 30
October 5
October 26
Totals $0.00

In: Accounting

Which of these constitute credible fossil evidence for the oldest life on Earth? -The stromatolites from...

Which of these constitute credible fossil evidence for the oldest life on Earth?

-The stromatolites from the Barberton Mountain Land in South Africa.

-Large, up to 300 µm in diameter spheroids made up of isotopically light carbon found in the Moodies Group (South Africa).

-Cyanobacterial fossils from the Apex Chert in Australia.

-Zircon crystals from the Jack Hills Conglomerate in the Yilgarn Block, Western Australia.

In: Biology

The centralized employee Travel Department of Ohno Company has expenses of $106,600. The department has serviced...

The centralized employee Travel Department of Ohno Company has expenses of $106,600. The department has serviced a total of 8,200 travel reservations for the period. The South Division has made 6,232 reservations during the period, and the West Division has made 1,968 reservations.

How much should each division be charged for travel services? Do not round interim calculations.

South Division $  
West Division $   

In: Accounting

South Africa has a high unemployment rate, researchers have suggested that the SA government should adopt...

South Africa has a high unemployment rate, researchers have suggested that the SA government should adopt expert-led growth policies to address this problem given that increasing exports has the potential to increase productivity, should the South African government increase its economic openness without government regulation of any kind? 100 words

please give additional insight

thank you

In: Economics